Q. Where does the U.S. rank in terms of GDP adjusted for purchasing power parity (PPP)?
a) First
b) Second
c) Third
d) Fourth
Q. In which economic ranking does the U.S. hold the top position?
a) Nominal GDP
b) GDP per capita (PPP)
c) Total debt-to-GDP ratio
d) PPP-adjusted GDP
Q. What was the total U.S. federal government debt as of February 2024?
a) $20.1 trillion
b) $34.4 trillion
c) $40.5 trillion
d) $50 trillion
Q. From 1983 to 2008, what was the U.S. real compounded annual GDP growth rate?
a) 2.3%
b) 3.3%
c) 4.5%
d) 5.2%
Q. How did the U.S. real GDP growth from 1983 to 2008 compare to the rest of the G7 countries?
a) It was higher (3.3% vs. 2.3%)
b) It was equal
c) It was lower
d) It was significantly lower
Q. Among OECD countries, where does the U.S. rank in disposable household income per capita?
a) Fifth
b) Third
c) First
d) Second
Q. How many of the world’s 500 largest companies by revenue were headquartered in the U.S. in 2023?
a) 120
b) 130
c) 136
d) 150
Q. Which country had the highest number of the world’s 500 largest companies in 2023?
a) China
b) United States
c) Germany
d) Japan
Q. What is the most widely used currency in international transactions?
a) Euro
b) British Pound
c) U.S. Dollar
d) Japanese Yen
Q. Why is the U.S. dollar considered the world’s foremost reserve currency?
a) It is backed by gold reserves
b) It is used only in oil transactions
c) It is supported by the U.S. economy, military, petrodollar system, and U.S. treasuries market
d) It is the official currency of the United Nations